Power-One, Inc. (PWER) posted fourth-quarter net income attributable to common shareholders of $5.4 million or $0.05 per share compared with $1.7 million or $0.02 per share in the prior year period.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter increased by 9% to $142 million from $130 million in the same quarter last year.
Analysts expected revenues of $114.87 million for the quarter.
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